Guideline Value for ODAIKUPPAM SEA SHORE SALAI

Odaikuppam Sea Shore Salai guideline value

The current guideline value of Odaikuppam Sea Shore Salai is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification is Residential Special Type - II.

How the guideline value of Odaikuppam Sea Shore Salai has changed

The guideline value for Odaikuppam Sea Shore Salai has seen several revisions over the years. In 2012, the guideline value was Rs 10,000 per sq.ft, which changed to Rs 6,700 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 10,000 per sq.ft. The most recent revision in 2024 has set the value at Rs 11,000 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value is Rs 9,900 per sq.ft, placing Odaikuppam Sea Shore Salai's 2024 guideline value above this median.

• Odaikuppam Amman Koil Back Side: Rs 3,520 per sq.ft (2024)
• Odaikuppam Street: Rs 3,520 per sq.ft (2024)
• N.S.K Street: Rs 7,150 per sq.ft (2024)
• N.S.K. 3rd Street: Rs 7,150 per sq.ft (2024)
• O.M.R.Road: Rs 12,650 per sq.ft (2024)
• North Tankview Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Odaikuppam Sea Shore Salai

For a 1,000 sq.ft plot at the current rate of Rs 11,000 per sq.ft, the guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, totaling Rs 9,90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Odaikuppam Sea Shore Salai?

The Sub Registrar Office that covers Odaikuppam Sea Shore Salai is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruvanmiyur

The guideline value is a crucial factor in property transactions in Thiruvanmiyur. It serves as the basis for calculating stamp duty and registration fees during the registration process, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Odaikuppam Sea Shore Salai?

The current guideline value of Odaikuppam Sea Shore Salai is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 10,000 per sq.ft in 2012 to Rs 6,700 per sq.ft in 2017, then to Rs 10,000 per sq.ft in 2023, and finally to Rs 11,000 per sq.ft in 2024.

What is the land classification for Odaikuppam Sea Shore Salai?

The land classification for Odaikuppam Sea Shore Salai is Residential Special Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000, and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Which office handles registrations for Odaikuppam Sea Shore Salai?

The Chennai South Joint I Sub Registrar Office handles registrations for Odaikuppam Sea Shore Salai, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.